THE PUTNAM FOUNDATION DBA TIMKEN MUSEUM OF ART

EIN: 956037070 501(c)(3) Arts, Culture & Humanities

SAN DIEGO, CA

Total Revenue
$2,724,896
Total Expenses
$2,924,978
Total Assets
$57,021,993
Net Assets
$56,351,186
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
CA
Principal Officer
MEGAN POGUE
Phone
6192395548
Tax Period
2024-04-01 to 2025-03-31

THE PUTNAM FOUNDATION DBA TIMKEN MUSEUM OF ART, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Net assets of $56.4M represent 248 months of operating reserves.

Mission

The Putnam Foundation (the Foundation) is a non-profit organization whose primary activity is the education of the public in fine arts through the operation of the Timken Museum of Art (the Museum) located in Balboa Park in San Diego, California, and is the only fine art museum in San Diego that does not charge admission. Accessibility, whether through our free-admission policy or through outreach to underserved groups in the community is at the heart of the Timken.

Program Service Accomplishments

Program 1
Expenses: $2,451,584

The Putnam Foundation (the Foundation) is a non-profit organization whose primary activity is the education of the public in fine arts through the operation of the Timken Museum of Art (the Museum)...

Read more

The Putnam Foundation (the Foundation) is a non-profit organization whose primary activity is the education of the public in fine arts through the operation of the Timken Museum of Art (the Museum) located in Balboa Park in San Diego, California, and is the only fine art museum in San Diego that does not charge admission. Accessibility, whether through our free-admission policy or through outreach to underserved groups in the community is at the heart of the Timken.

Program 2
Expenses: $121,889

Educational Programs:The museums educational programs, broad and varied, are offered throughout the year and are free of charge. The programs, both in the museum and out in the community include...

Read more

Educational Programs:The museums educational programs, broad and varied, are offered throughout the year and are free of charge. The programs, both in the museum and out in the community include school residencies, classes at Juvenile Hall, and Balboa Naval Medical Center, school tours, teacher trainings, family art making, docent tours, art programs in senior residence and Outreach Espaol our bi-national program which provides transportation to the museum and tours in Spanish for students in Baja CA. In addition our educational programs also include exhibitions, artist in residency and musical performances. Our exhibitions examine, in depth, a specific painting or body of work in the museums collection, by placing the work or works into the broader context of the art and culture of its time. Our intent is to expand and deepen our viewers understanding of art and specifically the pieces in our collection. Exhibitions are an essential part of the Timkens educational programs and we believe our free admission mandate promotes art awareness and appreciation by making our collection accessible to any and all that visit.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,741,030
Program Service Revenue $0
Investment Income $813,041
Other Revenue $170,825
TOTAL REVENUE $2,724,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,415,793
Fundraising Expenses $86,004
Program Expenses $2,573,473
Other Expenses $1,509,185
TOTAL EXPENSES $2,924,978

Year-over-Year Comparison

2024 2023 Change
Revenue $2,724,896 $1,932,243 +0.4%
Expenses $2,924,978 $2,649,686 +0.1%
Net Income $-200,082 $-717,443 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
16
Employees
30
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$268,402
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN POGUE Executive Dir. 40.00
Officer
$225,984 $42,418 $268,402
DERRICK CARTWRIGHT DIR OF CUR AFFAIRS 40.00
$167,095 $1,462 $168,557
HOLLY MARTIN-BOLLARD DIR OF OPS 40.00
$104,065 $35,384 $139,449
JESSIE KNIGHT Chair 2.00
Officer Director
$0 $0 $0
GARY CADY VICE CHAIR 2.00
Officer Director
$0 $0 $0
PAM PALISOUL Secretary 2.00
Officer Director
$0 $0 $0
PAUL HERING VICE CHAIR 2.00
Officer Director
$0 $0 $0
CATHE BURNHAM Director 1.00
Director
$0 $0 $0
FRED KLEINBUB Treasurer 2.00
Officer Director
$0 $0 $0
DAVID KINNEY Director 1.00
Director
$0 $0 $0
CRAIG BROWN Director 1.00
Director
$0 $0 $0
CECILIA LARROQUE Director 1.00
Director
$0 $0 $0
BOB O'CONNELL Director 1.00
Director
$0 $0 $0
HENK HANSELAAR Director 1.00
Director
$0 $0 $0
KRISTIN TIMKEN Director 1.00
Director
$0 $0 $0
ALEXI DAVIS Director 1.00
Director
$0 $0 $0
MICHAEL COLLINS Director 1.00
Director
$0 $0 $0
WILLIAM MOBLEY Director 1.00
Director
$0 $0 $0
CHRISTIAN BUCKLEY Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,724,896 $2,924,978 $57,021,993 $-200,082
2024 $1,932,243 $2,649,686 $57,169,947 $-717,443
2023 $12,515,322 $2,504,678 $56,183,990 $10,010,644
2022 $2,026,658 $1,719,055 $48,070,078 $307,603
2021 $1,999,552 $1,534,398 $48,084,341 $465,154
2020 $9,446,482 $2,173,267 $42,386,685 $7,273,215
2019 $1,980,249 $2,199,592 $37,110,636 $-219,343
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE PUTNAM FOUNDATION DBA TIMKEN MUSEUM OF ART with other nonprofits in California and across the country.